Vicus Capital Has $7.63 Million Stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS)

by · The Cerbat Gem

Vicus Capital boosted its stake in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Free Report) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,922 shares of the company’s stock after purchasing an additional 13,527 shares during the period. Capital Group U.S. Multi-Sector Income ETF comprises approximately 0.7% of Vicus Capital’s investment portfolio, making the stock its 29th biggest position. Vicus Capital owned approximately 1.05% of Capital Group U.S. Multi-Sector Income ETF worth $7,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CGMS. Envestnet Asset Management Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 201.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,427,118 shares of the company’s stock valued at $38,418,000 after purchasing an additional 953,285 shares during the period. Cetera Investment Advisers raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 185.8% in the 2nd quarter. Cetera Investment Advisers now owns 914,999 shares of the company’s stock worth $24,632,000 after acquiring an additional 594,834 shares in the last quarter. LPL Financial LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 43.2% in the 2nd quarter. LPL Financial LLC now owns 1,894,706 shares of the company’s stock worth $51,005,000 after acquiring an additional 571,611 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 422.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 593,647 shares of the company’s stock worth $16,052,000 after acquiring an additional 479,935 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth about $11,970,000.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

Shares of CGMS stock traded down $0.01 during mid-day trading on Tuesday, hitting $27.54. The company’s stock had a trading volume of 139,691 shares, compared to its average volume of 373,612. The company’s fifty day simple moving average is $27.72 and its 200-day simple moving average is $27.27. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $25.00 and a 52 week high of $28.00.

Capital Group U.S. Multi-Sector Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were given a $0.1076 dividend. The ex-dividend date of this dividend was Friday, September 27th.

About Capital Group U.S. Multi-Sector Income ETF

(Free Report)

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.

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